"DeMarco agreed to speak at an April 19 symposium organized by The Greenlining Institute that focused on how to restore and protect the dream of homeownership that seems to be slipping out of reach of so many Americans. At our meeting, DeMarco said he was "deeply concerned" about these underwater mortgages. He promised that FHFA would have something concrete to say about principal reduction by the end of April... But in an astonishing story published May 1, the Los Angeles Timesreported [that the] FHFA was still working on its analysis of principal reduction and would have nothing to say until that analysis is done -- with no hint as to when that might be."